No Crisis Here
Swedish firms operating in India have not been affected by the financial crisis, says a new study. Two Swedish trade groups in India asked 124 Swedish subsidiaries based in India about their financial health.
Answers indicate that sales and profitability have actually improved, and that nine out of ten companies continue to expand.
Fredrik Fexe is head of the Swedish Trade Council in India. He says that this shows the importance of India as a motor of growth in the world economy, with many good opportunities for Swedish business.